Coal Industry

NEW DELHI: Coal industry has declared a public utility service under the Industrial Disputes Act for another six months with effect from Thursday. A Labour Ministry notification said this has been done in public interest, an official release said. Coal Industry was earlier declared a public utility service for six months from December 28, 2006. Employees in the coal industry would be required to give notice to their employer six weeks in advance before...

NAGPUR: The Western Coalfields Limited's ambitious plan of 60 MT production by 2019-20 and taking it further to 100 MT lies with the firm's young brigade, Coal India Limited's former Chairman Partha Bhattacharya has said. To achieve the ambitious plan of producing more coal, the WCL, a subsidiary of CIL, is looking towards young generation officers to come up with innovative ideas, and a seminar in this regard, titled 'Role of Gen Next - The future...

MUMBAI: IF YOU thought outsourcing happened only in the infotech and pharma sectors, think again. Participants at a seminar held recently in Mumbai were surprised to learn that the trendy business process is being successfully implemented in the staid coal industry. Here, outsourcing is undertaken to handle import related logistics as India needs a sizeable quantity of coal, about 412 million tonnes (mt), according to the Ninth Plan. With domestic production at only 313mt in '01, the...

CHANDIGARH: With trade unions across the country today commencing a five-day coal industry strike, Punjab's power utility PSPCL today feared it will hit the supply to its three thermal power plants. These thermal power units are already getting "lesser" coal supplies from other coal supplier Panem Coal mines. However, Punjab State Power Corporation Limited (PSPCL) does not see immediate threat to power generation in the wake of strike, saying its...

NEW DELHI: Congress today said the coal industry is witnessing the largest industrial strike in four decades but the government is simply "wishing it away". "I think the government owes an immediate explanation as five lakh workers in the coal sector are on strike... It is wishing it away," party spokesman Abhishek Singhvi told reporters here. He said the significant fact is that the strike, largest since 1977, is being supported by all central trade...

BHOPAL: The coal industry workers' strike has not affected Madhya Pradesh's power generation capacity and the state has enough stock of the vital fuel to run its thermal power stations unhindered, a senior official has said. The five-day strike by coal industry workers across the country entered its second day today as negotiations between government officials and trade unions failed late last night. "We have got 4 lakh tonnes of coal reserves in our...

JOHANNESBURG: The lack of capacity at national rail carrier Transnet is deterring Indians who are keen to invest in South Africa's coal industry, according to a leading law firm. Manus Booysen, an investment partner at law firm Webber Wentzel Bowens , told reporters here after returning from a week-long trip to New Delhi that exporting huge amounts of coal to India was being hampered by Transnet's insistence that coal mining...

BHOPAL: The coal industry workers' strike has not affected Madhya Pradesh's power generation capacity and the state has enough stock of the vital fuel to run its thermal power stations unhindered, a senior official has said. The five-day strike by coal industry workers across the country entered its second day today as negotiations between government officials and trade unions failed late last night. "We have got 4 lakh tonnes of coal reserves in our...

NAGPUR: The Western Coalfields Limited's ambitious plan of 60 MT production by 2019-20 and taking it further to 100 MT lies with the firm's young brigade, Coal India Limited's former Chairman Partha Bhattacharya has said. To achieve the ambitious plan of producing more coal, the WCL, a subsidiary of CIL, is looking towards young generation officers to come up with innovative ideas, and a seminar in this regard, titled 'Role of Gen Next - The future...

NEW DELHI: Boycotting a meeting convened by the government today, all major trade unions including BJP- backed BMS gave a go-ahead to coal workers across the country to launch a 5-day strike from Tuesday which may hit the power sector and cause a daily loss of up to Rs 150 crore. Terming the protest action as "unprecedented" in the history of the coal industry, the unions urged the workers to participate in it in a "militant" manner to oppose the coal block...

KOLKATA: Ramping up output and improving profitability will be the top-most priorities for state-run Coal India's new Chairman Sutirtha Bhattacharya , although he admits that the coal production target of 925 million tonnes by 2019-20 is a huge challenge. "For any commercial business entity, what matters most is the bottom line. I intend to steer the company with a three-pronged agenda," Bhattacharya said. "Coal India's major challenge is to meet...

KOLKATA/NEW DELHI: About 5 lakh coal workers across the country today went on a five-day strike, hitting 75 per cent production, including of Coal India , and may also impact fuel supply to power plants. Negotiations spanning over four hours till late in the national capital between government officials and union representatives failed to end the strike and the workers said they will continue the strike, which is being billed as the biggest industrial action since...

KOLKATA: Ramping up output and improving profitability will be the top-most priorities for state-run Coal India's new Chairman Sutirtha Bhattacharya , although he admits that the coal production target of 925 million tonnes by 2019-20 is a huge challenge. "For any commercial business entity, what matters most is the bottom line. I intend to steer the company with a three-pronged agenda," Bhattacharya said. "Coal India's major challenge is to meet...

CHANDIGARH: With trade unions across the country today commencing a five-day coal industry strike, Punjab's power utility PSPCL today feared it will hit the supply to its three thermal power plants. These thermal power units are already getting "lesser" coal supplies from other coal supplier Panem Coal mines. However, Punjab State Power Corporation Limited (PSPCL) does not see immediate threat to power generation in the wake of strike, saying its plants have coal...

NAGPUR: The Coal India management has appealed to its workers' unions to reconsider their call for a five-day strike from Tuesday. According to a release issued by the Western Coalfield Ltd (WCL), a subsidiary company of Coal India Ltd, the proposed strike would disturb coal supply to the power plants in the country. The stir has been called by all unions of Coal India Ltd and its subsidiary companies. Appealing to the unions to reconsider their decision, WCL Chairman...

NEW DELHI: Boycotting a meeting convened by the government today, all major trade unions including BJP- backed BMS gave a go-ahead to coal workers across the country to launch a 5-day strike from Tuesday which may hit the power sector and cause a daily loss of up to Rs 150 crore. Terming the protest action as "unprecedented" in the history of the coal industry, the unions urged the workers to participate in it in a "militant" manner to oppose the coal block...

NEW DELHI: Looking to end uncertainty in coal block allocation, Finance Minister Arun Jaitley on Monday said that the government will offer a pool of coal mines to private players via e-auction process. The Cabinet recommended promulgation of an Ordinance to facilitate e-auction of coal blocks for private companies for captive use and allot mines directly to state and central PSUs. The move comes against the backdrop of the Supreme Court...

KOLKATA: The proposed coal regulator will specify principles and methodology for determination of price of raw coal and washed coal or any other by-product generated during the process of washing said Pratik PrakashBapu Patil , minister of state for coal . The Authority will have the power to adjudicate upon disputes between the parties. "The government has decided to set up a Coal Regulatory Authority . Apart from determining...

RANCHI: Senior Congress leader Digvijay Singh today said the Centre's move to privatise the coal sector would bring back the "bitter memories" of "exploitation" of labour force before it was nationalised by former Prime Minister Indira Gandhi . "Modi says 'Make in India', but wants to hand over the coal sector in the hands of the corporate," the former Madhya Pradesh Chief Minister said. "To stop exploitation of lakhs...

The coal ordinance is a reality. We sorted out a 40-year story in less than 40 days and I have yet to read one editorial which has found a flaw in that ordinance. It addresses the woes of the power sector. I can assure you that this is one sector that has been the priority of Prime Minister Narendra Modi. He is committed to setting it right and reaching out to the people with 24x7 power. This ordinance is only the first step. In the long...